Case-Shiller Telling Different Story: Best Price Gains in 31 Months

The S&P CoreLogic Case-Shiller U.S. National Home Price Index for January ran counter to other major prices indices in that it continued to show home price gains accelerating into the new year. The Index, which covers the nine U.S. census districts, was up 5.9 percent from January 2016, compared to a year-over-year increase in December of 5.7 percent, revised down from 5.8 percent. The January increase was the largest in 31 months . The three other major indices, from FHFA, CoreLogic, and Black Knight Financial Services had posted annual gains for January that ranged from 0.2 to 0.5 percentage points below the increases in December. Before seasonal adjustment the National Index posted a month-over-month gain of 0.2 percent in January, and on a seasonally adjusted basis the index rose 0…(read more)